Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$219,680$219,680$334,710
Remaining term (yrs)23.923.930.0
Secondary amount$0$115,030$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.230%7.640%
1st payment$1,060.50$1,060.50$2,317.46
2nd payment$0.00$766.87$0.00
Taxes / mo$384.58$384.58$384.58
Insurance / mo$150.00$150.00$150.00
MI / mo$179.78$179.78$66.94
HOA / mo$39.67$39.67$39.67
Total monthly$1,814.54$2,581.40$2,958.66
Cash to close$152,220$37,190$37,190